2012-02-27 Study Wash Use renovation proposal

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CITY OF UNIVERSITY CITYCOUNCIL STUDY SESSION 5th floor of City Hall 6801 Delmar February 27, 2012 th The Council Study Session was held in the Chambers, 5 floor of City Hall on February 27, 2012. Mayor Welsch called the Study Session to order at 5:30 p.m. In addition to the Mayor Shelley Welsch, the following members of the Council were present: Mr. Terry Crow Ms. Lynn Ricci arrived at 5:35 p.m. Mr. Arthur Sharpe, Jr. Mr. Stephen Kraft was unexcused. Mr. Michael Glickert and Mr. Byron Price were excused. Also in attendance were City Manager Lehman Walker and Washington University representatives: the Directory of Community Development Cheryl Adelstein, the Vice Chancellor of Government and Community Relations Rose Windmiller, Associate Vice Chancellor Facilities of Planning and Management Art Ackerman and Project Manager Brian Newman. A power point presentation was given describing Washington University’s twenty million dollar renovation plan which combines retail and student apartments located at the eastern edge of the Loop and in conjunction with Parkview Gardens. Washington University has a housing demand for Juniors’ and Seniors’ apartments that exceeds their supply. The project would include twenty-five new buildings in the next six years. This would include 200 units, with 550 occupants, 20,000 square feet of retail space and underground residential parking, and open spaces; all to be completed in two phases. Four of the buildings would seek approval in 2012 and begin construction in 2013. The plan for initial occupancy is in 2014. Presently the area includes 120 apartments/townhouses, 100 surface parking spaces, one commercial building on Eastgate and vacant lots. The project benefits would integrate features of sustainability, neighborhood planning, infrastructure improvements and economic growth. The strategic investment would supply $80 million in new construction, all from private investment for a public infrastructure, support and enhance Delmar Loop, and University City would receive the tax revenues from the new retail spaces. The project supported University City’s Comprehensive Plan Update of 2005, Parkview Gardens Parks and Open Space Plan, Parkview Gardens Neighborhood Sustainability Plan, and the Delmar Loop Retail Plan and Development strategy. The project would support sustainable construction and operation. It would implement green practices and it would integrate with and support the neighborhood character. 1